Net Income Per Share

12 Months Ended

Dec. 31, 2020

NET INCOME PER SHARE

Basic net income per share has been computed by dividing net income by the basic number of weighted average shares outstanding. Diluted net income per share has been computed by dividing net income by the diluted number of weighted average shares outstanding using the treasury stock method. The share effect is as follows:


	For the Years Ended December 31,
	2020	2019	2018
Weighted average shares outstanding:
Common shares	17,544,837	18,614,719	19,144,785
Vested restricted stock units	314,098	285,537	301,282
Basic number of weighted average shares outstanding	17,858,935	18,900,256	19,446,067
Dilutive effect of restricted stock and restricted stock units	76,844	76,304	86,245
Dilutive number of weighted average shares outstanding	17,935,779	18,976,560	19,532,312

For the years ended December 31, 2020, 2019 and 2018 there were no shares of restricted stock or restricted stock units that were not included in the computation of diluted net income per share because their inclusion would have been anti-dilutive.